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Polygon Price Prediction 2024-2033: Is MATIC Going Past $10 Soon?

Polygon MATIC

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Polygon Price Prediction 2024-2033

How much is MATIC worth?

Today, the price of Polygon (MATIC) stands at $1.01, experiencing a 24-hour trading volume of $133 million. The cryptocurrency has a market capitalization of $5.8 billion and accounts for 0.41% of the market dominance. Over the past 24 hours, MATIC’s price has increased by 2.8%. Currently, 8.01 billion MATIC tokens are in circulation, out of a maximum supply of 10 billion.

MATIC price analysis: MATIC price triggers intense buying pressure, breaks above $1

  • MATIC price analysis shows a bullish pattern after witnessing a surge above $1
  • Resistance for MATIC is present at $1.1029
  • Support for MATIC/USD is present at $0.9028

The MATIC price analysis for 19 February confirms that MATIC witnessed a bullish pressure as it faced accumulation at $0.92. As a result, the price broke above the $1 milestone.

MATIC price analysis 1-day chart: Polygon meets buyers’ demand

Analyzing the daily price chart of Polygon, MATIC’s price witnessed a bullish rally after bulls were successful to push the altcoin above $0.92. Over the last 24 hours, MATIC price has been on a bullish recovery as bulls continue to accumulate, sending the price above $1 mark. The 24-hour volume surged to $98.8 million, showing an increased interest in trading activity today. MATIC price is currently trading at $1, increasing by over 4.9% in the last 24 hours.

The RSI-14 trend line has surged from its previous level and currently hovers around 69-level, showing that bulls are slowly gaining the momentum of the price. The SMA-14 level suggests upward volatility in the next few hours.

MATIC/USD 4-hour price chart: Bears aim for a decline below EMA20

The 4-hour MATIC price chart suggests MATIC price continues to experience bullish activity above EMA lines, creating a positive sentiment on the price chart. As the price continues to face resistance near immediate Fib level, bears are gaining confidence to trigger a downward correction.

The BoP indicator is trading in a bullish region at 0.33, hinting that buyers are trying to build pressure near resistance levels and boost an upward correction.

Additionally, the MACD trend line has formed green candles above the signal line and the indicator aims for a positive momentum, strengthening bullish positions.

What to expect from MATIC price analysis next?

The hourly price chart confirms bears are making efforts to prevent the MATIC price from an immediate surge. However, if MATIC price successfully breaks above $1.1029, it may surge higher and touch the resistance at $1.2674.

If bulls cannot initiate a surge, MATIC price may drop below the immediate support line at $0.9028, resulting in a correction to $0.8164.  

Recent News/Opinions on MATIC

Controversy: The Polygon ecosystem has faced recent controversies, with the latest focusing on the Polygon Foundation. Accusations suggest it misused and sold off large amounts of MATIC, impacting holders.

Partnership: Fox Corporation has introduced the Verify platform, a blockchain-based system for companies to monitor their content’s online usage. Developed in collaboration with Polygon Labs, this platform aims to track the origin and history of media used by AI firms.

Polygon Price Predictions 2024-2033

Price Prediction By Cryptopolitan 

YearMinimum ($)Average ($)Maximum ($)
20241.081.111.29
20251.621.671.91
20262.432.522.80
20273.423.524.27
20284.985.166.00
20297.027.288.47
203010.3910.6812.35
203114.6515.0817.85
203221.0921.7025.73
203329.8330.9135.66

Polygon Price Prediction 2024

The price of Polygon is predicted to reach a minimum value of $1.08 in 2024. The Polygon price could reach a maximum value of $1.29 with the average trading price of $1.11 throughout 2024.

Polygon Price Prediction 2025

The price of 1 Polygon is expected to reach a minimum level of $1.62 in 2025. The MATIC price can reach a maximum level of $1.91 with the average price of $1.67 throughout 2025.

MATIC Price Forecast for 2026

Polygon price is forecast to reach a lowest possible level of $2.43 in 2026. As per our findings, the MATIC price could reach a maximum possible level of $2.80 with the average forecast price of $2.52.

Polygon (MATIC) Price Prediction 2027

As per the forecast and technical analysis, in 2027 the price of Polygon is expected to reach a minimum price value of $3.42. The MATIC price can reach a maximum price value of $4.27 with the average value of $3.52.

Polygon Price Prediction 2028

As per the forecast price and technical analysis, in 2028 the price of Polygon is predicted to reach a minimum level of $4.98. The MATIC price can reach a maximum level of $6.00 with the average trading price of $5.16.

Polygon Price Prediction 2029

Polygon price is forecast to reach a lowest possible level of $7.02 in 2029. As per our findings, the MATIC price could reach a maximum possible level of $8.47 with the average forecast price of $7.28.

Polygon (MATIC) Price Prediction 2030

The price of Polygon is predicted to reach a minimum value of $10.39 in 2030. The Polygon price could reach a maximum value of $12.35 with the average trading price of $10.68 throughout 2030.

Polygon Price Forecast 2031

According to our deep technical analysis on past price data of MATIC, in 2031 the price of Polygon is predicted to reach a minimum level of $14.65. The MATIC price can reach a maximum level of $17.85 with the average trading price of $15.08.

Polygon (MATIC) Price Prediction 2032

The price of Polygon is predicted to reach a minimum level of $21.09 in 2032. The Polygon price can reach a maximum level of $25.73 with the average price of $21.70 throughout 2032.

Polygon Price Prediction 2033

According to our deep technical analysis on past price data of MATIC, in 2033 the price of Polygon is forecasted to be at around a minimum value of $29.83. The Polygon price value can reach a maximum of $35.66 with the average trading value of $30.91.

Polygon Price Prediction By Coincodex

According to Coincodex’s current Polygon price prediction, the price of Polygon is expected to increase by 26.82%, reaching $1.003397 by February 10, 2024. Coincodex’s technical indicators suggest that the current market sentiment is Bearish, while the Fear & Greed Index indicates a level of 60 (Greed). In the past 30 days, Polygon has experienced 13/30 (43%) green days and has shown a price volatility of 5.85%.

Coincodex’s analysis concludes that it is currently not an opportune time to purchase Polygon. Taking into account historical price trends of Polygon and BTC halving cycles, Coincodex estimates the lowest Polygon price for 2025 could be around $0.791221. Furthermore, Coincodex predicts that the price of Polygon might reach a high of approximately $4.21 in the following year.

Polygon Price Forecast By Digital Coin Price

According to Digital Coin Price’s forecast data analysis, the price of MATIC is projected to surpass the level of $1.77 in 2025. It is anticipated that by the end of the year, Polygon will achieve a minimum value of $1.67.

Furthermore, the MATIC price has the potential to reach a maximum level of $1.80. In a long-term view, Digital Coin Price’s analysis suggests that by 2033, the price of MATIC is expected to cross the level of $14.76. By the end of that year, Polygon is projected to attain a minimum value of $14.63, with the possibility of reaching a maximum level of $14.95.

Polygon Price Prediction By CryptoPredictions.com

According to CryptoPredictions.com’s Polygon prediction, in March 2024, Polygon is forecasted to commence at $0.97 and conclude the month at $1.19. Throughout March, the projected maximum price for MATIC is $1.38, while the minimum price is expected to be $0.94.

Polygon Overview

Polygon serves as a multi-layered protocol suite aimed at resolving the scalability challenges associated with the Ethereum network. By operating a separate but compatible blockchain, Polygon efficiently processes transactions before syncing them back to the main Ethereum chain. This method alleviates the strain on the Ethereum network, enabling faster transaction speeds and reducing costs to a fraction of a cent.

Previously known as Matic Network, Polygon offers a user-friendly framework that allows both new and existing blockchain projects to operate on the Ethereum platform without worrying about scalability constraints.

With Polygon, users can seamlessly engage with decentralized applications (DApps) without concerns over network bottlenecks. The company is led by CEO Jaynti Kanani, who co-founded the project with Sandeep Nailwal, the Chief Operating Officer, and Anurag Arjun, the Chief Product Officer. The team initially launched the project as Matic Network in 2017.

Polygon Price History

According to Polygon’s plan, all Matic coins will be released by December 2022, which is good news for long-term investors because it guarantees significant future gains.

Since its inception in 2017, Matic tokens have had an incredible run that has withstood the test of unforgiving crypto market turmoil that usually ends up wiping out invalid tokens.

Despite the prevailing bearish trend currently experienced in the crypto market, experts are convinced by Matic’s crypto price prognosis and price forecast data that indicate an overall bullish trend for the long-term investment horizon.

Based on Coingecko’s data, Polygon has recorded impressive gains since its launch back in 2017. The crypto token has recorded incredible gains of up to 44157.6%, and the rally is expected to continue in the following years.

Matic recorded its all-time low price of $0.003143 in May 2019 during the famous bearish run. However, since then, the coin has continued to make significant gains until May 2021, when it recorded a new all-time high price of $2.62. It seems then that May is the month of Polygon, after all.

Polygon’s price has been on the rise since it hit a high of $1 at the end of July, and experts are predicting that as Polygon’s network continues to grow with new partnerships and adoption, the value of its token could go even higher. In August, Polygon’s price hovered around the $0.80 mark, but many believe that this is just the beginning of this promising project.

Recently, in November, Polygon saw a significant surge after the bullish news that the social media giant Meta is teaming up with the blockchain to deliver its journey into the world of Web3 and NFTs.

Stephane Kasriel, head of commerce and financial technologies at Meta, revealed that Instagram businesses will soon be able to create and sell their own NFTs (non-fungible tokens). This service would first launch on the Polygon blockchain before expanding to others, including Solana. MATIC rocketed after this news and hit a high of $1.29 on 7 November.  After peaking and later announcing multiple partnerships, including an NFT marketplace deal with Nike, MATIC eventually fell below the $1 barrier.

Just this past year, Polygon (@0xPolygon) has rolled out some incredible features on Twitter. From the launch of a new Token List service to mobile burning capabilities for MATIC tokens, they have allowed users to interact with MATIC in an efficient and secure manner. This means you can now access the MATIC burn console through your mobile wallet with a simplified interface that is easy to use.

Screenshot 1241

More on Polygon (MATIC)

What’s Polygon (MATIC)?

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions, sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.

Mina Protocol and Polygon are working towards implementing support for Mina on Polygon PoS. This bridge will enable developers building applications on Polygon to leverage privacy and verifiability via Mina’s zero knowledge-SNARK-based protocol.

Polygon Use Cases

Ethereum-based Polygon hopes to solve fundamental issues the Ethereum blockchain faces, such as interoperability and scalability. It is the first project on the Ethereum blockchain to launch an adequately structured tool that addresses the Ethereum scaling problem. Consequently, many have termed Polygon as an Ethereum scaling solution.

Rather than running on its own blockchain, MATIC tokens are traded on the Ethereum blockchain. That’s because Polygon was developed to help scale Ethereum through side chains. MATIC allows you to stake on the Ethereum blockchain and pay for currency transactions. This has helped reduce the high transaction costs inherent in the Ethereum blockchain, helping promote widespread adoption. 

Another thing, Ethereum is home to several DeFi projects like the Polygon, formerly known as the Matic network. Since the Matic network has brought numerous functionalities to the entire Ethereum blockchain, several developers have taken an interest in the project, which has, in turn, led to steady growth of Matic price.

Major cryptocurrencies such as Bitcoin, Ethereum, Ripple, etc., witnessed a slump on the 1st week of June, and yet, the value of Polygon(MATIC) rose nearly 35% in the same period. Investors saw Polygon (MATIC) as the next big thing, and in a short period, it surged past other cryptos to rank among the top 15 biggest cryptos globally. Polygon successfully converts the limited Ethereum blockchain into an open blockchain network usable by many. In essence, it makes Ethereum steady as the internet of blockchains.

In turn, Polygon (Matic) project benefits immensely from the already-established Ethereum blockchain in several ways. Firstly, every blockchain project needs a secure security infrastructure; the Matic network benefits from Ethereum’s array of qualities, such as an active and vibrant community, established security systems, and transparency.

Within the Polygon network, transactions are settled using the Matic coin. Matic price has risen over the years, sparking interest from cryptocurrency enthusiasts. Polygon technology has improved efficiency within the Ethereum blockchain. Today, Polygon boasts of handling up to 65,000 transactions per second on its single sidechain. Similarly, it has averaged an impressive block confirmation time of two seconds per transaction.

Pros and cons of investing in Polygon (Matic)

Polygon, formerly Matic network, has been considered a stable investment by crypto enthusiasts. Anyone interested in Ethereum and its bundle of projects likely has an affinity for Matic.

It is a well-structured organization with clear goals of extending the scalability of the Ethereum blockchain and making cryptocurrency more accessible to the public. If the project continues to push forward strides, its success is inevitable, and consequently, Matic holders will benefit significantly.

Investing is a full-time activity that requires individuals to analyze potential risks and returns before committing. However, within the crypto world, numerous uncertainties shape the prices of crypto coins. Therefore, even for a seasoned professional, it is challenging to make precise predictions on the price of a coin based on historical price actions alone.

However, for an individual to earn impressive returns on their investments, they must take risks. Here, we’ll discuss some of the benefits of investing in the Polygon ecosystem.

Pros of investing in Matic

Since Matic is a scaling solution on the Ethereum blockchain, it is difficult to foresee its downfall. Therefore, most forecasts are convinced that Polygon will be in existence for years to come. So what are some of the pros of investing in this token?

  • It provides new scaling solutions to the Ethereum ecosystem, ensuring a bright future and allowing investors to make long-term investments.
  • Since 67% of the tokens are already in circulation, and the maximum supply is expected to be realized by December 2022, the coin offers immense growth potential in 2022 and beyond, allowing investors to reap more profits.
  • Matic allows for the interconnection of blockchain networks, a scaling solution that assures investors of Matic’s future performance.
  • Polygon is supported by a strong community of developers that ensures the project performs well and consequently maintains and increases Matic’s price level.

Cons of investing in Matic

It is indeed public knowledge that investments always come with a degree of risk. Investing in Matic may result in losses if careful considerations of the involved risks aren’t well conducted. Below are some possible shortcomings of investment in Matic.

  • Recently, the Polygon network was hacked, and the perpetrators made away with millions worth of Matic tokens. The hacking was a huge red flag for investors since it indicates that the network isn’t as secure as it should be.
  • Price volatility. Every cryptocurrency experiences volatility; however, when dealing, sometimes crypto coins experience extreme price drops that may hurt an individual’s portfolio. Since Matic already competes with Avalance, Polkadot, and Cosmos, it is unclear who will win the race. Therefore, for a long time horizon, investors should keep tabs and know when to exit.

Conclusion

Despite the short-term volatility, Polygon’s investors remain confident that it can reach double digits in no time. For instance, Lark Davis (@TheCryptoLark) confidently tweeted about his MATIC holdings expecting it to hit $10 soon.

Polygon has been actively forging relationships with various companies in the crypto space and staying abreast of current blockchain technology trends. Here are some recent updates, as announced by Polygon:

  • The Polygon Mainnet is now live in Alpha and Beta versions.
  • Support for deposits and withdrawals of all Ethereum-based assets
  • Support of ERC721 to ERC20, ERC20 to ERC20, and ERC721 to ERC721 transactions enabled
  • Increasing the number and capabilities of Proof-of-Stake validators
  • Offering the API and SDK toolkit for dApp infrastructure development
  • Supernets, a new blockchain network, is ready to skyrocket with Polygon’s $100 million investment toward businesses taking advantage of its powerful technology.

With partnerships and increased adoption, MATIC prices are expected to continue to surge. If investors and traders can take advantage of these bullish signs, they could enjoy significant profits. However, it is important to keep in mind that the cryptocurrency space is highly volatile and risky so always do your own research before investing.

There are many factors influencing the future of MATIC coin, from global economic conditions to the level of adoption of cryptocurrencies. The partnership with Meta and the latest breakout on the platform appear to be positive indicators for the coin’s future price, according to predictions from algorithm-based forecasting sites.

Overall, scaling solutions like Polygon are expected to gain momentum as network congestion on the Ethereum blockchain remains an issue. Polygon’s multi-layer technology allows it to authenticate transactions in a matter of seconds while still uploading them to the Ethereum blockchain, combining scalability and security.

Polygon’s powerful Dapp architecture makes it simple to build new apps on-chain and port current Ethereum projects. However, MATIC is projected to continue dipping by a few cents before beginning another price increase soon. Before making any investment decisions, do your research.

FAQs

Is it wise to put money into Polygon (MATIC)?

Polygon's value is likely to climb as a result of a lack of supply. Please keep in mind that each investment comes with a degree of risk. Make the most of what you've got before making any decisions and do as much research as you can.

By the year 2032, how much money will be made off of Polygon?

In the year 2031, the price of Polygon is anticipated to reach a maximum price of $34.42. A minimum trading value of $41.73 and an average price of $42.94 is also possible by the end of 2032. By this time, crypto adoptions might bring a new level of awareness and usage to light.

How is Polygon different from other implementations of Plasma?

Polygon's implementation of Plasma is built on state-based sidechains which run on EVM, while the other implementations of Plasma primarily use UTXOs which restricts them to being payment specific. Having state-based sidechains allows Polygon to provide scalability for generic smart contracts as well.

Why is Polygon a "sidechain solution"?

Polygon network is a "sidechain" solution where Ethereum main chain assets, i.e. all dApps / Tokens / Protocols of the main chain can be moved / migrated to Polygon sidechain(s) and when needed, one can withdraw assets back to main chain.

How is Polygon better than other sidechain solutions?

On Polygon, all side transactions are secured by multiple mechanisms on the sidechain as well as main chain. On sidechain, any transactions done by the Block producer layer are verified and checkpointed to the main chain by a highly decentralized checkpointing layer.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Shayan Chowdhury

Shayan is a professional crypto journalist with over 4 years of experience, specializing in cryptographic modules and blockchain development. He delivers easy-to-understand crypto content through in-depth research and technical insights.

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